Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Engine Technologies (AENG) -- Ignore unavailable to you. Want to Upgrade?

To: micky who wrote (818)	6/16/1998 10:45:00 PM
From: Arthur Radley	Respond to of 3383

Micky your information says it all. Did everyone in America with the name of Travis suddenly decided that owning AENG wasn't good for the Travis's but good for any other party to buy this stock through a certain brokerage house? The avoidance of providing something as simple as a patent number can now be explained by the fact that so many insiders were too busy filing 144's.

To: micky who wrote (818)	6/16/1998 11:41:00 PM
From: Sir Auric Goldfinger	Respond to of 3383

Thanks for the Yahoo thread. That would be Pump and Dump as I have been saying all along. Now tell me, why would TRAV and his family sell all those shares when they've got the best thing since sliced bread?

To: micky who wrote (818)	6/17/1998 2:50:00 AM
From: Sword	Read Replies (2) \| Respond to of 3383

Micky: Your post has extremely valuable information in it, in fact, it is extremely intriguing! Here are my calculations based on your link and post #1 of this thread: Cash raised by the 504 registration for the company (post #1): $1,000,000 Cash raised by the company after selling 200,000 shares: $800,000 Total cash on hand due to offering stock: $1,800,000 Look at the link once more. Who in the world are Motor City, Inc. and Macro Management Group, Inc.??? They sold the exact same number of shares at the exact same time as OX2 Engineering Distribution, Inc. (200,000 shares). Are these some kind of front companies who have no products and exist solely to act as conduits to sell the stock to the public? Subtracting the 200,000 shares sold at $4 by OX2 from the rest of the insider sales, we can come up with the following: Total insider sales during first six months of the year with NO waiting period for sales of the stock: $2,596,446 Therefore the total cash pocketed by insiders during just the first 6 months of this company exceeds the total cash raised by the company by the initial "public" offering! But there is more...According to post #1, there are 21,000,000 shares "closely held". Who owns them? And when will they hit the market? And how many Travises are in on this deal? I have to admit, I know very little about 504's and how these offerings work, so on the that basis perhaps I will hand it off to someone else who might be able to reassure me that everything uncovered above is quite normal and about which not to worry oneself. -Sword